Sir
Our Society is Commercial CHS, threshold limit 7500 being applied by majority of commercial and residential CHS.
Plz share authentic clause link NOT personal view being applied as per convenience of taking input tax benefits by respective parties.
Thanks and regards,
Jyotindra
Threshold: GST is applicable only if the society's annual turnover > ₹20 Lakhs AND the monthly maintenance per member > ₹7,500.
Rate: If applicable, GST is charged at 18% on the full maintenance amount.
Verification: Societies should check their annual financial records to confirm their aggregate turnover before opting for registration.
Chirag N Shah & Associates
Mumbai
CA Inter
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Triveni Turbine Limited
Bengaluru
CA
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CAclubindia
